Janney Montgomery Scott LLC Purchases 2,720 Shares of Kinsale Capital Group, Inc. $KNSL

Janney Montgomery Scott LLC lifted its holdings in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 9.7% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 30,858 shares of the financial services provider’s stock after acquiring an additional 2,720 shares during the quarter. Janney Montgomery Scott LLC owned approximately 0.13% of Kinsale Capital Group worth $10,543,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Pictet Asset Management Holding SA increased its position in Kinsale Capital Group by 7.5% during the 1st quarter. Pictet Asset Management Holding SA now owns 3,622 shares of the financial services provider’s stock worth $1,237,000 after buying an additional 254 shares during the period. Maridea Wealth Management LLC bought a new stake in shares of Kinsale Capital Group during the 1st quarter valued at $1,160,000. J2 Capital Management Inc lifted its position in shares of Kinsale Capital Group by 23.6% during the 1st quarter. J2 Capital Management Inc now owns 2,105 shares of the financial services provider’s stock valued at $719,000 after acquiring an additional 402 shares during the period. Louisiana State Employees Retirement System acquired a new position in Kinsale Capital Group in the first quarter valued at about $2,187,000. Finally, Kestra Private Wealth Services LLC lifted its position in Kinsale Capital Group by 31.5% during the first quarter. Kestra Private Wealth Services LLC now owns 1,567 shares of the financial services provider’s stock worth $535,000 after purchasing an additional 375 shares during the period. Institutional investors and hedge funds own 85.36% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Wells Fargo & Company cut shares of Kinsale Capital Group from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from $420.00 to $357.00 in a research report on Monday, April 27th. Wall Street Zen raised Kinsale Capital Group from a “sell” rating to a “hold” rating in a report on Saturday, June 20th. TD Cowen reiterated a “hold” rating on shares of Kinsale Capital Group in a research note on Tuesday, June 16th. Weiss Ratings cut Kinsale Capital Group from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, June 26th. Finally, Morgan Stanley reduced their price target on shares of Kinsale Capital Group from $350.00 to $330.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 21st. One analyst has rated the stock with a Buy rating, seven have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, Kinsale Capital Group currently has a consensus rating of “Reduce” and a consensus target price of $374.90.

Insider Transactions at Kinsale Capital Group

In related news, CAO Christopher R. Tangard bought 330 shares of the business’s stock in a transaction that occurred on Monday, June 8th. The shares were acquired at an average cost of $304.00 per share, with a total value of $100,320.00. Following the completion of the purchase, the chief accounting officer directly owned 380 shares in the company, valued at $115,520. The trade was a 660.00% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Michael P. Kehoe sold 22,576 shares of the stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $302.66, for a total transaction of $6,832,852.16. Following the transaction, the chief executive officer directly owned 308,048 shares in the company, valued at $93,233,807.68. This trade represents a 6.83% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 5.60% of the company’s stock.

Kinsale Capital Group Stock Performance

NYSE KNSL opened at $353.92 on Friday. The company has a market capitalization of $8.16 billion, a price-to-earnings ratio of 15.58, a PEG ratio of 1.11 and a beta of 0.90. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.11. Kinsale Capital Group, Inc. has a twelve month low of $287.20 and a twelve month high of $512.76. The stock has a fifty day simple moving average of $314.04 and a 200 day simple moving average of $354.92.

Kinsale Capital Group (NYSE:KNSL) last announced its earnings results on Thursday, April 23rd. The financial services provider reported $5.11 EPS for the quarter, topping the consensus estimate of $4.70 by $0.41. The firm had revenue of $466.71 million for the quarter, compared to the consensus estimate of $410.25 million. Kinsale Capital Group had a return on equity of 25.82% and a net margin of 27.48%.The business’s quarterly revenue was down .5% compared to the same quarter last year. During the same period in the previous year, the business earned $3.71 EPS. Sell-side analysts expect that Kinsale Capital Group, Inc. will post 20.65 EPS for the current year.

Kinsale Capital Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, June 11th. Shareholders of record on Thursday, May 28th were issued a dividend of $0.25 per share. The ex-dividend date was Thursday, May 28th. This represents a $1.00 annualized dividend and a yield of 0.3%. Kinsale Capital Group’s dividend payout ratio (DPR) is presently 4.40%.

Kinsale Capital Group Company Profile

Kinsale Capital Group, Inc (NYSE:KNSL) is a specialty property and casualty insurance company headquartered in Richmond, Virginia. Established in 2009, the company focuses on underwriting complex and underserved risks across the United States. Kinsale operates through a network of wholesale brokers and independent agencies, offering tailored coverage solutions for a range of niche industries.

The company’s product portfolio includes general liability, business auto, professional liability, environmental liability, inland marine, cyber liability, and other specialty lines.